Deal Description: May 13, 2021 – CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint Energy”) announced the closing of its underwritten public offering of $1.7 billion of senior notes comprised of $700 million aggregate principal amount of floating rate senior notes due 2024, $500 million aggregate principal amount of 1.45% senior notes due 2026, and $500 million aggregate principal amount of 2.65% senior notes due 2031.

BofA Securities, Mizuho Securities, MUFG, PNC Capital Markets LLC and US Bancorp served as representatives and joint bookrunners. Scotiabank served as a passive joint book-running manager. R. Seelaus & Co., LLC served as co-manager.

CenterPoint Energy intends to use the net proceeds of approximately $1.687 billion from the offering for general corporate purposes, including the repayment of (i) the remaining $700 million of borrowings under its term loan agreement which matures on June 14, 2021, (ii) all or a portion of its outstanding $500 million of 3.60% senior notes due 2021 and (iii) a portion of its outstanding commercial paper.

Baker Botts represented CenterPoint Energy in the above offering and has represented CenterPoint Energy and its predecessors for over 100 years.

Client: CenterPoint Energy, Inc.

Outside Counsel to the Underwriters: Hunton Andrews Kurth LLP

Value: $1.7 billion

Baker Botts Lawyers/Office Involved:

• Corporate: Tim Taylor (Partner; Houston); Clint Rancher (Partner; Houston); Josh Gonzales (Associate; Houston); Parker Hinman (Associate; Houston); Rob Cowan (Associate; Houston)
• Finance: Robert Wann (Partner; New York)
• Tax: Michael Bresson (Partner; Houston); Jared Meier (Senior Associate; Houston)

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